ASEAN finance chiefs to seek progress on cross-border payments

Host nation Laos looks to soften economic fallout from China slowdown

20240404N Laotian Kip

The Laotian kip has depreciated by more than 10% from a year earlier. (Photo by Ken Kobayashi)

KOSUKE INOUE, Nikkei staff writer

LUANG PRABANG, Laos -- Finance chiefs from the Association of Southeast Asian Nations are expected to discuss regional economic stability and integrating financial services when they meet in Laos on Friday.

The gathering of finance ministers and central bank governors in Luang Prabang is part of a series of meetings by senior ASEAN finance officials that began on Tuesday.

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